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Closing a Prtnership

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B

bandhuvb

Junior Member
What is the name of your state? New York

we have a huge outstanding of taxes on our current partnership firm. We have no assets here in US , nor do we have any personal assets in US.

Our business is not doing well , and we are not in a position to pay back the taxes , can we close down the firm.

what are the implications.

Regards.
Bandhu
 


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